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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Commercial land
302 5th Ave Delray Beach, FL 33483-5209
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0991227
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
WOOD FRAME
Total area
2,444 SF
Lot
0.29 ac (12,837 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0010
UPID
US18-0991227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
302 SE Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.89M
Owner & transaction history
318 Se 5th LLC · 5 yrs held
318 Se 5th LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,610,000
ML approach
$4,695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±10% · vs last sale $3.90M (Mar 23 2021)
Last sale anchor
$3.90M
Mar 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,590 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,440
Tax year 2023
Assessed value
$1,078,224
Assessed 2023
Previous assessed
$744,488
+44.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,078,224
Land market value
$1,078,224
Total market value
$1,078,224
Applied tax rate
12,987.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,444 SF
Lot
0.29 ac (12,837 SF)
Zoning code
CBD
APN
12-43-46-21-01-104-0010
UPID
US18-0991227
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delray Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
318 Se 5th LLC
Entity
Mailing address
6810 N STATE RD 7TH 7, COCONUT CREEK, FL 33073-4304
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$3,900,000
318 Se 5th LLC
Shovel Ready Projects LLC
Warranty Deed
—
Oct 15, 2020
—
Shovel Ready Projects LLC
—
Deed Of Trust
related
$1,500,000 · Evan Schnittman
Jul 22, 2020
$2,500,000
Shovel Ready Projects LLC
Federal Highway Cap 318 B LLC
Grant Deed
—
Dec 20, 2019
—
Federal Highway Cap 318 B LLC
—
Trustees Deed
related
$600,000 · Sapphire Prop Ventures Series
Dec 13, 2019
—
Federal Highway Cap 318 B LLC
—
Grant Deed
related
$1,250,000 · Sapphire Prop Ventures LLC
Sep 27, 2017
$3,050,000
Federal Highway Cap 318 B LLC
Florida Fifth & Third LLC
Trustees Deed
$1,677,500 · Bi 23 LLC
May 1, 2007
—
5th Street Venture LLC
—
Trustees Deed
related
$20,100 · Fifth Third Bank
Jul 21, 2005
$1,325,000
5th Street Venture Llcc
Third Adventure LLC
Warranty Deed
$800,000 · Fifth Third Bank Chicago
Jul 26, 2004
$800,000
Third Adventure LLC
Mcgloin,richard
Warranty Deed
$600,000 · City National Bank Of Florida
Aug 28, 1997
$220,000
Richard Mcgloin
L & R Plan INC
Grant Deed
$100,000 · Seller
—
—
Florida Fifth & Third LLC
—
Deed Of Trust
related
$1,220,000 · Banesco USA
—
—
Federal Highway Cap 318 B LLC
—
Deed Of Trust
related
$600,000 · Sapphire Prop Ventures Series
—
—
N Co Capital 707 B LLC
—
Deed Of Trust
related
$1,985,000 · Bi 31 LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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